FX.co ★ blaise.rogahn | USD/CHF

I have been waiting for quite some time for the reversal/breakout resistance zone at 0.7795/0.7815 on this currency pair, but so far, it has been without results. Today, during the Asian session, the pair made a significant pullback to the key support level of 0.7710. However, by the end of the European session, the price returned back, completely nullifying the previous decline. It was quite a nervous day, especially considering that the economic calendar was empty today. Nevertheless, the bullish trend is still intact, with the H1 and H4 timeframes continuing to point north. I hope that the upcoming overnight session will not disrupt anything, and tomorrow the pair will continue moving in the intended direction towards the resistance zone at 0.7795/0.7815.